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Rob Grantham

Born 1938 · Age 87

British investor, co-founder and chief investment strategist of GMO LLC, and philanthropist focused on climate change; co-founder of Batterymarch and the Grantham Foundation.

Total Events
41
Career Span
86 years
Peak Net Worth
$920,000,000

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Life & Career Timeline

1938Age 0

Born in Ware, Hertfordshire, England

Robert Jeremy Goltho Grantham born in Ware; later grew up in Doncaster.

10/6/1938Source
Confidence
99%
1959Age 21

Completed undergraduate studies at University of Sheffield (Economics)

Studied economics at the University of Sheffield (exact graduation year not stated; estimated based on birth year and later MBA timing).

1/1/1959Net Worth: $500Source
Confidence
60%
1966Age 28

Completed MBA at Harvard Business School

Completed an M.B.A. at Harvard Business School (MBA class year 1966).

1/1/1966Net Worth: $2,000Source
Confidence
95%
1966Age 28

Entered management consulting after HBS

After business school Grantham went into management consulting before moving into investment roles.

1/1/1966Net Worth: $5,000Source
Confidence
80%
1967Age 29

Began investment career as economist at Royal Dutch Shell

Worked as an economist with Royal Dutch Shell early in his investment career (exact dates not specified; placed after HBS and consulting).

1/1/1967Net Worth: $10,000Source
Confidence
75%
1969Age 31

Co-founded Batterymarch Financial Management

Co-founded Batterymarch Financial Management, an early investment management firm.

1/1/1969Net Worth: $25,000Source
Confidence
95%
1971Age 33

Recommended commercial indexing at Batterymarch

At Batterymarch he recommended commercial indexing (1971) and helped establish one of the earliest index funds.

1/1/1971Net Worth: $40,000Source
Confidence
92%
1971Age 33

Helped start one of the world's earliest index funds

Part of the team that launched an early index mutual fund at Batterymarch (unusual idea at the time; the fund was not a lasting commercial success).

1/1/1971Net Worth: $40,000Source
Confidence
90%
1977Age 39

Became GMO's long-term/chief investment strategist and board member

Took on the role of GMO's chief/long-term investment strategist; active on the asset allocation team and a member of GMO's board (ongoing role from founding onward).

1/1/1977Net Worth: $100,000Source
Confidence
95%
1977Age 39

Co-founded GMO (Grantham, Mayo, Van Otterloo & Co.)

Co-founded GMO, a Boston-based institutional asset management firm; served as co-founder and long-term/chief investment strategist.

1/1/1977Net Worth: $100,000Source
Confidence
99%
1997Age 59

Founded the Grantham Foundation for the Protection of the Environment

Jeremy and his wife Hannelore established the Grantham Foundation to fund climate change research and environmental protection initiatives.

1/1/1997Net Worth: $20,000,000Source
Confidence
90%
2006Age 68

Grantham Foundation began funding the Grantham Prize (annual)

From 2006 the Foundation funded a $75,000 prize for environmental journalism administered by the University of Rhode Island's Metcalf Institute (funding ran 2006–2012).

1/1/2006Net Worth: $50,000,000Source
Confidence
85%
2007Age 69

Wrote Fortune article predicting 'three near certainties'

September 2007 Fortune article predicting profit margins would come down, housing would break, and risk premia would widen (pre-2008 crisis prediction).

9/1/2007Net Worth: $70,000,000Source
Confidence
92%
2008Age 70

Fall 2008 GMO letter criticizing crisis responses

In GMO's Fall 2008 letter Grantham analyzed causes of the credit crisis and criticized authorities and major firms for failing to see it coming.

1/1/2008Net Worth: $90,000,000Source
Confidence
93%
2008Age 70

Vocal critic of governmental responses to 2008 financial crisis

Publicly criticized policy responses and leadership during and after the 2007–2008 credit crisis (writings and interviews).

1/1/2008Net Worth: $90,000,000Source
Confidence
90%
2009Age 71

Awarded honorary degree from Imperial College London

Received an honorary degree from Imperial College London in recognition of his contributions (listed in Wikipedia references).

1/1/2009Net Worth: $120,000,000Source
Confidence
95%
2010Age 72

Awarded honorary degree from The New School (NY)

Received an honorary degree from The New School in New York.

1/1/2010Net Worth: $150,000,000Source
Confidence
95%
2010Age 72

GMO Quarterly Letter (April 2010) on mean reversion and bubbles

In GMO's April 2010 Quarterly Letter Grantham discussed bubble dynamics and reversion to the mean using historical data.

4/1/2010Net Worth: $150,000,000Source
Confidence
95%
2010Age 72

Advocated timber as an investment (NYT coverage)

Around 2010 he publicly advocated timber as an investment; cited in New York Times coverage about timber diversification.

7/10/2010Net Worth: $160,000,000Source
Confidence
85%
2011Age 73

Grantham Foundation 2011 grants (tax filing disclosed)

2011 tax filing shows the Foundation donated $1M to Sierra Club, $1M to The Nature Conservancy and $2M to Environmental Defense Fund (total $4M in noted grants).

1/1/2011Net Worth: $220,000,000Source
Confidence
95%
2011Age 73

Included in Bloomberg Markets '50 Most Influential' ranking

Named in Bloomberg Markets magazine's 50 Most Influential list (2011).

1/1/2011Net Worth: $200,000,000Source
Confidence
95%
2011Age 73

Published 'Time to wake up' essay

Published 'Time to wake up: Days of abundant resources and falling prices are over forever' (The Oil Drum), highlighting resource and energy challenges.

4/29/2011Net Worth: $220,000,000Source
Confidence
90%
2012Age 74

Awarded honorary degree from University of Sheffield

Received an honorary degree from his alma mater, the University of Sheffield.

1/1/2012Net Worth: $250,000,000Source
Confidence
95%
2012Age 74

Grantham Prize funding ended (prize ran 2006–2012)

The $75,000 annual Grantham Prize for environmental journalism was funded by the Foundation through 2012.

1/1/2012Net Worth: $250,000,000Source
Confidence
85%
2013Age 75

Profiled in The Guardian on environmental philanthropy

Featured interview/article in The Guardian discussing his environmental philanthropy and views on climate change (April 2013).

4/12/2013Net Worth: $300,000,000Source
Confidence
90%
2015Age 77

Elected to the American Academy of Arts and Sciences

Elected as a member of the American Academy of Arts and Sciences (listed among honors).

1/1/2015Net Worth: $750,000,000Source
Confidence
85%
2015Age 77

GMO publicized AUM > $118 billion (March 2015)

GMO reported more than US$118 billion in assets under management as of March 2015.

3/1/2015Net Worth: $700,000,000Source
Confidence
80%
2016Age 78

Appointed Commander of the Order of the British Empire (CBE)

Appointed CBE in the 2016 Birthday Honours for philanthropic service to climate change research.

6/11/2016Net Worth: $780,000,000Source
Confidence
95%
2017Age 79

Received Carnegie Medal for Philanthropy (with wife Hannelore)

Jeremy and Hannelore Grantham jointly received the Carnegie Medal for Philanthropy in recognition of climate philanthropy leadership.

5/22/2017Net Worth: $820,000,000Source
Confidence
95%
2018Age 80

Delivered 'Race of Our Lives' speech at Morningstar Investment Conference

Presented his notable 'Race of Our Lives' speech in Chicago at the 2018 Morningstar Investment Conference about climate and investment implications.

1/1/2018Net Worth: $850,000,000Source
Confidence
92%
2019Age 81

Featured in Bloomberg Businessweek on climate investing

Bloomberg Businessweek published a feature on Grantham focusing on his environmental philanthropy and investment views (Jan 17, 2019).

1/17/2019Net Worth: $900,000,000Source
Confidence
90%
2019Age 80

Interviewed on CNBC (published Mar 7, 2019)

Appeared on CNBC discussing markets and climate-related investing themes.

3/7/2019Net Worth: $920,000,000Source
Confidence
88%
2019Age 80

Committed ~98% (~$1B) of personal wealth to fight climate change

Announced dedication of approximately 98% of his personal wealth — roughly $1 billion — to combat climate change and support green investments and philanthropy.

8/1/2019Net Worth: $20,000,000Source
Confidence
88%
2020Age 82

Venture portfolio strong performance and QuantumScape public

Grantham's venture-capital holdings performed well in 2020 (portfolio up 102% for 2020); QuantumScape's public listing was a notable contributor.

1/1/2020Net Worth: $20,000,000Source
Confidence
80%
2020Age 82

Documentary controversy over timber and Sierra Club ties

Jeff Gibbs' documentary 'Planet of the Humans' (2020) criticized perceived conflicts between Grantham's timber investments and environmental philanthropy; generated public debate.

1/1/2020Net Worth: $20,000,000Source
Confidence
80%
2020Age 82

GMO AUM reported at $65 billion (Dec 2020)

GMO's assets under management had fallen to approximately $65 billion as of December 2020 (from $118B in 2015).

12/1/2020Net Worth: $20,000,000Source
Confidence
95%
2021Age 83

Deployed $74M into 34 climate startups (cumulative)

Grantham and his team had deployed approximately $74 million into 34 'neglected climate opportunities' startups as part of foundation/personal investing by 2021.

1/1/2021Net Worth: $20,000,000Source
Confidence
80%
2021Age 83

Foundation/holdings assets and VC allocation reported (~$1.4B)

By 2021 venture capital and private investments made up more than three-quarters of about $1.4 billion in assets managed across his foundation, charitable trust, and personal holdings.

1/1/2021Net Worth: $20,000,000Source
Confidence
80%
2021Age 83

Interview on investment bubbles and timing (2021)

In a 2021 interview Grantham emphasized that identifying overpricing is easier than predicting when bubbles will collapse; reiterated long-term value approach.

4/1/2021Net Worth: $20,000,000Source
Confidence
88%
2023Age 85

Featured in Harvard Business School alumni '3-Minute Briefing' (June 1, 2023)

HBS alumni website published a featured short briefing/profile on Jeremy Grantham (MBA 1966) highlighting his work on climate and investing.

6/1/2023Net Worth: $20,000,000Source
Confidence
90%
2024Age 86

Profiled as leading environmental philanthropist (Times of Israel)

An August 2024 profile summarized Grantham's transition from investor to one of the most prominent private funders of environmental research and advocacy.

1/1/2024Net Worth: $20,000,000Source
Confidence
85%